GR Financial Group LLC Acquires New Shares in iShares Bitcoin Trust (NASDAQ:IBIT)

GR Financial Group LLC acquired a new position in iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, HoldingsChannel reports. The fund acquired 6,243 shares of the company’s stock, valued at approximately $331,000. iShares Bitcoin Trust comprises 0.1% of GR Financial Group LLC’s investment portfolio, making the stock its 19th biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Union Savings Bank purchased a new position in shares of iShares Bitcoin Trust in the 4th quarter valued at $25,000. City Holding Co. boosted its position in iShares Bitcoin Trust by 95.2% during the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after purchasing an additional 238 shares in the last quarter. Stephens Consulting LLC boosted its position in iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after purchasing an additional 189 shares in the last quarter. Crewe Advisors LLC grew its stake in iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after purchasing an additional 302 shares during the last quarter. Finally, Beacon Capital Management LLC bought a new position in iShares Bitcoin Trust in the fourth quarter worth about $28,000.

iShares Bitcoin Trust Price Performance

IBIT stock opened at $48.90 on Tuesday. The firm has a 50-day simple moving average of $55.17 and a two-hundred day simple moving average of $46.93. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75.

iShares Bitcoin Trust Profile

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.